Extend or trade? Saints face critical choices now with trio of 2022 free agents

st thomas · 02-23-2021, 08:37 PM

Originally Posted by SmashMouth

Precisely why we can get good value or him. I think he counts $16 million for the cap next year. So that an additional savings if he's traded.

We're at $65 million now. And that would put us probably below $50 million deficit if the entire nut goes to the new team. And we'd get a high draft pick, at least a #2, maybe even a #1.

No one giving a one for mr glass. We are not going to miss the (playoffs)in 2021 keep back loading the core, this team is excited for the next chapter post Drew Brees. Payton can’t wait till Drew announces the he’s done. This offense excels next year. Let’s go boys.

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lee909 · 02-23-2021, 09:28 PM

Originally Posted by SmashMouth

Precisely why we can get good value or him. I think he counts $16 million for the cap next year. So that an additional savings if he's traded.

We're at $65 million now. And that would put us probably below $50 million deficit if the entire nut goes to the new team. And we'd get a high draft pick, at least a #2, maybe even a #1.

9.6ml saving if traded

The Dude · 02-23-2021, 09:53 PM

Originally Posted by K Major

I'd be more inclined to move tumbleweed PEAT before Armstead.

AP has been just as injury prone as TA and not nearly as dominant.

But hey, that's just me.

Would love to move Peat but from what I’ve read the cap hit wouldn’t be worth it. I could be wrong. I would definitely move Peat over Armstead if possible.
Edit: sorry I didn’t see above posts.

The Dude · 02-23-2021, 09:56 PM

Originally Posted by K Major

While we all can agree TA hasn't been the most healthy player on the O line but over rated?? lol …

He's a top LT in the league.

Our line is totally different without him.

SmashMouth · 02-24-2021, 05:30 AM

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SmashMouth · 02-24-2021, 05:45 AM

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Rugby Saint II · 03-03-2021, 11:41 AM

Originally Posted by The Dude

Our line is totally different without him.

True Dat! But what if we moved Ram to LT and drafted his replacement? TA is good to great when he plays. He's actually been available more the past couple of seasons but his cost is prohibitive for us to be able to afford him and field the team we need. TA would be a valuable trade chip and there are good O-linemen in this draft in the upper to mid rounds. Ram has a good history and could be worth a 2nd or 3rd round pick if we traded him.

K Major · 03-03-2021, 11:46 AM

Originally Posted by The Dude

Would love to move Peat but from what I’ve read the cap hit wouldn’t be worth it. I could be wrong. I would definitely move Peat over Armstead if possible.
Edit: sorry I didn’t see above posts.

Yes, you are right on the cap hit with tumbleweed.

Was never a fan of the pick or the new deal he received.

AsylumGuido · 03-03-2021, 12:18 PM

David Onyemata agrees to restructured contract, creating cap space

There goes another domino: NFL Network’s Ian Rapoport reports that the New Orleans Saints have agreed to a contract restructure with defensive tackle David Onyemata, which creates $4.34 million in salary cap space for 2021. It’s not a lot, but it’s another important step towards cap compliance ahead of free agency later in March.

It’s important to note that this is not a pay cut — Onyemata is getting his money now while raising his future cap hits, giving him some more job security. The Athletic’s Katherine Terrell did a great job explaining the mechanics of this move. Onyemata converted $4.34 million of his $7 million salary into a signing bonus, taking it off of the books for 2021 and pushing it into the future.

That raises his cap hits by $2.17 million in 2022 (now up to $13.17 million) and 2023 (which automatically voids, but will leave $4.67 million in dead money). The Saints can get ahead of that dead money hit in 2023 with another contract extension, which feels likely to happen next offseason to lower his 2022 cap hit if Onyemata continues to play at a high level. He can earn another nice payday by stepping up should the Saints lose free agent Sheldon Rankins and cut or trade Malcom Brown over the next few weeks.

SaintFanInATLHELL · 03-03-2021, 12:58 PM

Originally Posted by The Dude

Would love to move Peat but from what I’ve read the cap hit wouldn’t be worth it. I could be wrong. I would definitely move Peat over Armstead if possible.
Edit: sorry I didn’t see above posts.

Originally Posted by K Major

Yes, you are right on the cap hit with tumbleweed.

Was never a fan of the pick or the new deal he received.

There is a way to structure the cap hit so it isn't too bad. The Saints owe the cap $10.4 million for Peat's signing bonus. Also Peat has a guaranteed 2021 salary of $9 million. On paper if the Saints released him after the 3rd day of the league year, that would be a $19.4 million cap hit.

But if he's traded, the $9 million becomes the trade partners problem as it's base salary. And with a post June 1 trade, the remaining $10.4 million can be split between 2021 and 2022 cap.

So, in theory the Saints could save up to $6 million on the 2021 cap with a post June 1 trade but still be on the hook for $5 million more in 2022.

Of course there's the issue of filling the space vacated by Peat.

SFIAH

02-23-2021, 08:37 PM	#21
st thomas Site Donor 2018 Join Date: Dec 2009 Location: lafayette Posts: 7,753	Re: Extend or trade? Saints face critical choices now with trio of 2022 free agents Originally Posted by SmashMouth Precisely why we can get good value or him. I think he counts $16 million for the cap next year. So that an additional savings if he's traded. We're at $65 million now. And that would put us probably below $50 million deficit if the entire nut goes to the new team. And we'd get a high draft pick, at least a #2, maybe even a #1. No one giving a one for mr glass. We are not going to miss the (playoffs)in 2021 keep back loading the core, this team is excited for the next chapter post Drew Brees. Payton can’t wait till Drew announces the he’s done. This offense excels next year. Let’s go boys. Sent from my iPhone using Tapatalk

02-23-2021, 09:28 PM	#22
lee909 Site Donor 2015 Join Date: Mar 2012 Location: Watford England Posts: 8,802 Blog Entries: 1	Re: Extend or trade? Saints face critical choices now with trio of 2022 free agents Originally Posted by SmashMouth Precisely why we can get good value or him. I think he counts $16 million for the cap next year. So that an additional savings if he's traded. We're at $65 million now. And that would put us probably below $50 million deficit if the entire nut goes to the new team. And we'd get a high draft pick, at least a #2, maybe even a #1. 9.6ml saving if traded

02-23-2021, 09:53 PM	#23
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,048	Re: Extend or trade? Saints face critical choices now with trio of 2022 free agents Originally Posted by K Major I'd be more inclined to move tumbleweed PEAT before Armstead. AP has been just as injury prone as TA and not nearly as dominant. But hey, that's just me. Would love to move Peat but from what I’ve read the cap hit wouldn’t be worth it. I could be wrong. I would definitely move Peat over Armstead if possible. Edit: sorry I didn’t see above posts. K Major likes this.
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,048

02-23-2021, 09:56 PM	#24
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,048	Re: Extend or trade? Saints face critical choices now with trio of 2022 free agents Originally Posted by K Major While we all can agree TA hasn't been the most healthy player on the O line but over rated?? lol … He's a top LT in the league. Our line is totally different without him.
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,048

03-03-2021, 11:41 AM	#27
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,044	Re: Extend or trade? Saints face critical choices now with trio of 2022 free agents Originally Posted by The Dude Our line is totally different without him. True Dat! But what if we moved Ram to LT and drafted his replacement? TA is good to great when he plays. He's actually been available more the past couple of seasons but his cost is prohibitive for us to be able to afford him and field the team we need. TA would be a valuable trade chip and there are good O-linemen in this draft in the upper to mid rounds. Ram has a good history and could be worth a 2nd or 3rd round pick if we traded him.

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03-03-2021, 11:46 AM	#28
K Major Site Donor 2019 Join Date: Jan 2013 Location: Bedford, TX Posts: 24,618 Blog Entries: 3	Re: Extend or trade? Saints face critical choices now with trio of 2022 free agents Originally Posted by The Dude Would love to move Peat but from what I’ve read the cap hit wouldn’t be worth it. I could be wrong. I would definitely move Peat over Armstead if possible. Edit: sorry I didn’t see above posts. Yes, you are right on the cap hit with tumbleweed. Was never a fan of the pick or the new deal he received.

03-03-2021, 12:18 PM	#29
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,162	Re: Extend or trade? Saints face critical choices now with trio of 2022 free agents David Onyemata agrees to restructured contract, creating cap space There goes another domino: NFL Network’s Ian Rapoport reports that the New Orleans Saints have agreed to a contract restructure with defensive tackle David Onyemata, which creates $4.34 million in salary cap space for 2021. It’s not a lot, but it’s another important step towards cap compliance ahead of free agency later in March. It’s important to note that this is not a pay cut — Onyemata is getting his money now while raising his future cap hits, giving him some more job security. The Athletic’s Katherine Terrell did a great job explaining the mechanics of this move. Onyemata converted $4.34 million of his $7 million salary into a signing bonus, taking it off of the books for 2021 and pushing it into the future. That raises his cap hits by $2.17 million in 2022 (now up to $13.17 million) and 2023 (which automatically voids, but will leave $4.67 million in dead money). The Saints can get ahead of that dead money hit in 2023 with another contract extension, which feels likely to happen next offseason to lower his 2022 cap hit if Onyemata continues to play at a high level. He can earn another nice payday by stepping up should the Saints lose free agent Sheldon Rankins and cut or trade Malcom Brown over the next few weeks.
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03-03-2021, 12:58 PM	#30
SaintFanInATLHELL The Professor Join Date: Oct 2003 Location: Lithonia, GA Posts: 2,773	Re: Extend or trade? Saints face critical choices now with trio of 2022 free agents Originally Posted by The Dude Would love to move Peat but from what I’ve read the cap hit wouldn’t be worth it. I could be wrong. I would definitely move Peat over Armstead if possible. Edit: sorry I didn’t see above posts. Originally Posted by K Major Yes, you are right on the cap hit with tumbleweed. Was never a fan of the pick or the new deal he received. There is a way to structure the cap hit so it isn't too bad. The Saints owe the cap $10.4 million for Peat's signing bonus. Also Peat has a guaranteed 2021 salary of $9 million. On paper if the Saints released him after the 3rd day of the league year, that would be a $19.4 million cap hit. But if he's traded, the $9 million becomes the trade partners problem as it's base salary. And with a post June 1 trade, the remaining $10.4 million can be split between 2021 and 2022 cap. So, in theory the Saints could save up to $6 million on the 2021 cap with a post June 1 trade but still be on the hook for $5 million more in 2022. Of course there's the issue of filling the space vacated by Peat. SFIAH K Major likes this.
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